Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum (ETH) and Solana (SOL) take center stage in Binance’s latest Proof of Reserves (PoR) audit published on June 1. As the world’s largest crypto exchange in terms of trading volume, Binance reaffirms that all customer assets are fully backed at a […]
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure US firms are warming up to stablecoins at a pace we haven’t seen before. Interest jumped from 8% in 2024 to 29% this year among 100 executives at Fortune 500 companies. That’s more than three times the level of a year ago.
Fortune 500 Executives Are Eyeing Stablecoins Like Never Before—Study Read More »
Bank of America CEO Brian Moynihan confirmed the lender plans to issue a dollar-pegged stablecoin and is working on an internal build conducted alongside other industry participants, Reuters reported on June 11. However, Moynihan added that any progress in a potential launch would be contingent on forthcoming federal rules. He also told investors the bank
Bank of America eyes dollar-pegged stablecoin amid Senate fast-tracking GENIUS Act Read More »
The Senate voted 68-30 on June 11 to invoke cloture on the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, ending the filibuster option and moving the bill toward a final floor vote that will require a simple majority. Majority Leader John Thune, who controls the chamber’s schedule, started the 30-hour post-cloture clock
Senate’s 68-30 cloture vote speeds GENIUS Act toward simple majority passage Read More »
Evita Pay used USDT to funnel cross-border payments. Clients included Sberbank, VTB Bank, Sovcombank, and Rosatom. 22-count indictment includes money laundering, wire fraud. In a sweeping indictment that highlights growing enforcement around sanctions evasion and crypto misuse, US federal prosecutors have charged Russian national Iurii Gugnin with running a sophisticated cross-border fraud and money laundering
Russian crypto CEO charged in $530M laundering scheme tied to US sanctions Read More »
Societe Generale-FORGE (SG-FORGE), the crypto-asset arm of French banking giant Societe Generale, has announced the launch of a new U.S. dollar-pegged stablecoin, the USD CoinVertible (USDCV), set to operate natively on both the Ethereum and Solana public blockchains. The launch marks SG-FORGE’s second stablecoin initiative, following the EUR CoinVertible (EURCV) release in April 2023. Like
SocGen doubles down on stablecoins with USD launch and BNY custody Read More »
Stablecoins have reached a new milestone in their integration into global finance. With a combined market cap now topping $210 billion—surpassing that of PayPal—fiat-pegged tokens are becoming central to how money moves in the digital age. That momentum is now prompting a regulatory reckoning. The GENIUS Act of 2025, currently under Senate review, seeks to
Stablecoins Outpace PayPal as U.S. Lawmakers Mull Tightened Rules Read More »
Ripple’s stablecoin RLUSD expanded its circulating supply by 29% in the week ended June 8, adding $72.5 million and closing at $320.6 million. The movement marks the first time the token’s float crossed the $300 million threshold. Additionally, it represents a sixfold increase since the launch of RLUSD on Dec. 17, 2024. Data from Artemis
RLUSD surpasses $300M supply as Ripple secures UAE backing Read More »
Circle’s CRCL shares are drawing strong interest following the company’s recent listing on the New York Stock Exchange. The firm, best known for issuing the USDC stablecoin, has seen its stock price rise sharply since launch. Data from Yahoo Finance shows Circle’s stock climbed nearly 22% in pre-market trading, reaching above $130 before retracing slightly
A recent analysis posted by Artemis CEO Jon Ma has sparked discussion about Tether’s potential market value, suggesting that if the company were to go public, its valuation could reach $515 billion. This figure would place Tether among the world’s largest corporations by market capitalization, ahead of well-known names such as Costco and Coca-Cola. Jon
Bigger than Coca-Cola? If Tether went public, it could reach a $515B valuation Read More »
